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Borrowing of the State of Hesse

Objectives and tasks of the State's credit management

Objectives

As a permanent debtor, the State of Hesse is regularly active on the capital market. The credit department decides on the timing and instrument of borrowing (fixed or variable-rate state treasury bond, green bond, private placement or promissory note loan). The aim of borrowing is to ensure solvency at all times and to finance the tasks of the State of Hesse.

In the calendar year 2025, the State will issue bonds with a volume of around eight billion Euro on the capital market.

Tasks

With a debt portfolio currently totalling around 47.3 billion Euro at the end of the fiscal year 2024 (consisting of promissory note loans, state treasury bonds and private placements), one of the State's most important objectives is to refinance, plan and manage interest payments in subsequent years.

In money trading, the daily cash flows in the State's accounts are balanced - either by taking out cash loans or making overnight deposits at selected public-sector banks.

For promissory note loans, derivatives

Account designation: State of Hesse, HCC - company code 2550
with: Landesbank Hessen-Thüringen Girozentrale 
Swift/BIC: HELADEFFXXX
IBAN: DE51 5005 0000 0001 0063 29

For overnight money trading

Account designation: State of Hesse, HCC - HCC Central Office
with: Deutsche Bundesbank
Swift/BIC: MARKDEF1500
IBAN: DE97 5000 0000 0051 0015 06
 

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